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Dec 31, 2024
Kaltura Q4 2024 Earnings Report
Announced financial results, surpassing guidance for the fourth quarter with record total and subscription revenue, as well as the highest Adjusted EBITDA since Q2 2020.
Key Takeaways
Kaltura reported a successful fourth quarter and full year 2024, marked by record total and subscription revenue, and the highest Adjusted EBITDA since the second quarter of 2020. The company saw growth in gross and net dollar retention rates, and in new bookings for the third consecutive quarter. For the full year, Kaltura achieved record annual subscription revenue, total revenue, Adjusted EBITDA profit, gross margin, and cash flow from operations.
Surpassed guidance for the fourth quarter, delivering record total and subscription revenue.
Achieved the highest Adjusted EBITDA since the second quarter of 2020, fueled by record high gross margin.
Posted sequential and year-over-year growth in gross and net dollar retention rates, and in new bookings for the third quarter in a row.
Ended the year with record ARR and RPO, and positive cash flow from operations for the year, for the first time since 2020.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, Kaltura expects subscription revenue to grow by 5%-7% year-over-year to between $43.4 million and $44.2 million, total revenue to grow by 2%-4% year-over-year to between $45.7 million and $46.5 million, and Adjusted EBITDA to be in the range of $2.5 million to $3.5 million. For the full year ending December 31, 2025, Kaltura expects subscription revenue to grow by 2%-3% year-over-year to between $170.4 million and $173.4 million, total revenue to grow 1%-2% year-over-year to between $179.9 million and $182.9 million, and Adjusted EBITDA to be in the range of $12.7 million to $14.7 million.
Positive Outlook
- Subscription Revenue to grow by 5%-7% year-over-year to between $43.4 million and $44.2 million (Q1 2025).
- Total Revenue to grow by 2%-4% year-over-year to between $45.7 million and $46.5 million (Q1 2025).
- Adjusted EBITDA to be in the range of $2.5 million to $3.5 million (Q1 2025).
- Subscription Revenue to grow by 2%-3% year-over-year to between $170.4 million and $173.4 million (FY 2025).
- Total Revenue to grow 1%-2% year-over-year to between $179.9 million and $182.9 million (FY 2025).
Challenges Ahead
- Guidance contains forward-looking statements and actual results may differ materially.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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